Here, we are featuring the top 5 retirement questions we received in 2021. Watch to learn more about how you can prepare financially for 2022.
Tax planning is a huge part of retirement planning. It’s not just about how much money you have, but also where it makes the most sense to take that money from once you retire. The general rule, under normal circumstances, is you don’t want to spend your retirement money before the age of 59 and half. I say, general, because this is not everyone, but it’s most everyone.
If you’re asking yourself the question, “Should I retire early?”, explore what you want to do. Forget about what you can do first and figure out do you really want to retire? Why do you want to retire? Then we can sit down with you and figure out what things you need to make sure are in place so you don’t run out of money and can maintain your lifestyle in retirement.
As a general rule, if you’re going to be in a higher tax bracket when you pull money out of a retirement account than you are now, it makes sense to possibly convert over to a Roth. Remember, as always, that there are a lot of other factors involved. I personally like the idea of having flexibility in retirement where I can have Roth money and I can have traditional IRA money and I get to decide where to take the money from each year.
So many retirees and investors focus on getting a higher a rate of return. At the same time, they’re losing maybe a third or more of their return to taxes. What if instead of chasing a higher rate of return, you get the same rate of return but get to keep more of it? This is very important. Doesn’t that make sense? It’s not about what you earn, it’s about what you get to keep.
Should I invest differently when I’m retired versus when I’m working? That’s a very insightful question because you’ll read a lot of commentary on one of the best mutual funds and the best stocks to own today. But those articles don’t take your unique situation into account.
“We always felt our financial needs were in very capable hands. Alex Angst is great to work with. Our advisor always made us feel he had our best interests at heart and explained things so we could understand them.”
“We’ve been clients of Johnson-Brunetti for > 10 years. We’re enjoying a comfortable retirement as a result. Many thanks to Joel and our CFP, Eric Hogarth. I wish we had plugged into this decade approach back when we were in our 30s.”
“Working with Johnson Brunetti has had a positive impact on my life by providing me with the knowledge, confidence, and peace of mind to move forward with my retirement plans. The process of getting to this point, through their guidance, has been informative and pleasurable.”
“I view your company as one that puts my interests first. I think that is very uncommon and very refreshing. “
“Matt does an awesome job! So easy to understand and he listens to our concerns and addresses them! happy I chose your firm!”
“I have been pleased with the help and service I have received from the company. I have met several team members on Eric’s team and have found all of them very well prepared to meet with me when reviewing my portfolio. I always feel that I am an important customer and appreciate that very much. I hope the firm continues to focus on the customer and maintains its great service. I think you do a great job for someone like me!!!! I’m happy I chose your firm!”
Investment Advisory Services offered through JB Capital, LLC.
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